NASDAQ:MRVL

Marvell Technology Stock Forecast, Price & News

$42.55

-0.98 (-2.25%)

(As of 07/1/2022 12:00 AM ET)

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Today's Range: $41.75
▼
$43.55
50-Day Range: $42.55
▼
$62.91
52-Week Range: $41.75
▼
$93.85

Volume: 8.78 million shs
Average Volume: 11.06 million shs
Market Capitalization: $36.16 billion

P/E Ratio: N/A
Dividend Yield: 0.55%
Price Target: $86.62

Marvell Technology Stock Forecast (MarketRank)

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 103.6% Upside
$86.62 Price Target
Short Interest: Healthy
1.88% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.96
Upright™ Environmental Score
News Sentiment: 0.02
Based on 14 Articles This Week
Insider Trading: Selling Shares
$11.76 M Sold Last Quarter
Proj. Earnings Growth: 29.41%
From $1.70 to $2.20 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.81 out of 5 stars

Business Services Sector

35th out of 466 stocks

Semiconductors & Related Devices Industry

19th out of 124 stocks

4.4 Analyst's Opinion

Consensus Rating
Marvell Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 25 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.62, Marvell Technology has a forecasted upside of 103.6% from its current price of $42.55.
Amount of Analyst Coverage
Marvell Technology has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0 Short Interest

Percentage of Shares Shorted
1.88% of the outstanding shares of Marvell Technology have been sold short.
Short Interest Ratio / Days to Cover
Marvell Technology has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Marvell Technology has recently decreased by 4.43%, indicating that investor sentiment is improving.

0.8 Dividend Strength

Dividend Yield
Marvell Technology has a dividend yield of 0.55%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Marvell Technology does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Marvell Technology will have a dividend payout ratio of 10.91% next year. This indicates that Marvell Technology will be able to sustain or increase its dividend.

2.1 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Marvell Technology has received a 27.55% net impact score from Upright. Marvell Technology seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network interface controllers", "Coaxial cables", and "System on a chip" products. See details.
Environmental Sustainability
The Environmental Impact score for Marvell Technology is -0.96.

2.8 News and Social Media Coverage

News Sentiment
Marvell Technology has a news sentiment score of 0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Marvell Technology this week, compared to 6 articles on an average week.
Search Interest
92 people have searched for MRVL on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.
MarketBeat Follows
55 people have added Marvell Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 10% compared to the previous 30 days.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marvell Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,757,203.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Marvell Technology is held by insiders.
Percentage Held by Institutions
83.11% of the stock of Marvell Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Marvell Technology are expected to grow by 29.41% in the coming year, from $1.70 to $2.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marvell Technology is -69.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marvell Technology is -69.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Marvell Technology has a PEG Ratio of 1.58. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Marvell Technology has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Marvell Technology (NASDAQ:MRVL)

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

July 1, 2022 | finance.yahoo.com

Chip sector drops nearly 10% on week as Micron outlook points to declining demand

July 1, 2022 | americanbankingnews.com

Marvell Technology (NASDAQ:MRVL) Sets New 12-Month Low After Analyst Downgrade

July 1, 2022 | americanbankingnews.com

Marvell Technology (NASDAQ:MRVL) Reaches New 1-Year Low on Analyst Downgrade

June 30, 2022 | nasdaq.com

August 12th Options Now Available For Marvell Technology (MRVL)

June 30, 2022 | americanbankingnews.com

Marvell Technology, Inc. (NASDAQ:MRVL) Receives $87.77 Consensus Target Price from Analysts

June 29, 2022 | cnbc.com

What Cramer is watching Wednesday — mass chip price-target cuts, lots of C-suite changes

June 28, 2022 | finanznachrichten.de

FinancialBuzz.com: Innovations in 5G Technology Create New Possibilities for Cloud Computing

June 27, 2022 | finance.yahoo.com

Marvell Technology (NASDAQ:MRVL) delivers shareholders impressive 25% CAGR over 5 years, surging 4.7% in the last week alone

June 23, 2022 | nasdaq.com

Interesting MRVL Put And Call Options For February 2023

June 19, 2022 | americanbankingnews.com

Mitchell Gaynor Sells 5,000 Shares of Marvell Technology, Inc. (NASDAQ:MRVL) Stock

June 17, 2022 | americanbankingnews.com

Marvell Technology (NASDAQ:MRVL) Stock Rating Lowered by B. Riley

June 15, 2022 | finance.yahoo.com

Marvell and Other Chip Stocks Are Struggling. Two Bulls Turned Neutral.

June 13, 2022 | ca.finance.yahoo.com

Marvell Expands Operations in Canada

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Business Services
Current Symbol: NASDAQ:MRVL
CUSIP: G5876H10
CIK: 1058057
Web: www.marvell.com
Phone: (302) 295-4840
Fax: 441-295-3328
Employees: 6,729
Year Founded: 1995

Company Calendar

Ex-Dividend for 4/27 Dividend: 4/07/2022
Dividend Payable: 4/27/2022
Last Earnings: 5/26/2022
Today: 7/01/2022
Ex-Dividend for 7/27 Dividend: 7/07/2022
Dividend Payable: 7/27/2022
Next Earnings (Estimated): 8/25/2022
Fiscal Year End: 1/31/2023

Price Target and Rating

Average Stock Price Forecast: $86.62
High Stock Price Forecast: $125.00
Low Stock Price Forecast: $60.00
Forecasted Upside/Downside: +103.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86206896551724
Research Coverage: 29 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.610010)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 25.03
P/E Growth: 1.58
Net Income: $-421.03 million
Net Margins: -9.82%
Pretax Margin: -6.47%
Return on Equity: 6.92%
Return on Assets: 4.90%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 1.67
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $4.46 billion
Price / Sales: 8.10
Cash Flow: $2.39 per share
Price / Cash Flow: 17.80
Book Value: $18.61 per share
Price / Book: 2.29

Miscellaneous

Outstanding Shares: 849,900,000
Free Float: 846,075,000
Market Cap: $36.16 billion
Optionable: Optionable
Beta: 1.27

Social Links

Marvell Technology Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?: 29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 4 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Marvell Technology stock.
View analyst ratings for Marvell Technology or view top-rated stocks.
What is Marvell Technology's stock price forecast for 2022?: 29 Wall Street research analysts have issued twelve-month target prices for Marvell Technology's stock. Their MRVL stock forecasts range from $60.00 to $125.00. On average, they anticipate Marvell Technology's share price to reach $86.62 in the next twelve months. This suggests a possible upside of 103.6% from the stock's current price.
View analysts' price targets for Marvell Technology or view top-rated stocks among Wall Street analysts.
How has Marvell Technology's stock price performed in 2022?: Marvell Technology's stock was trading at $87.49 at the start of the year. Since then, MRVL shares have decreased by 51.4% and is now trading at $42.55.
View the best growth stocks for 2022 here.
When is Marvell Technology's next earnings date?: Marvell Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our earnings forecast for Marvell Technology.
How were Marvell Technology's earnings last quarter?: Marvell Technology, Inc. (NASDAQ:MRVL) issued its quarterly earnings data on Thursday, May, 26th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. The semiconductor company earned $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Marvell Technology had a negative net margin of 9.82% and a positive trailing twelve-month return on equity of 6.92%. Marvell Technology's revenue was up 73.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share.
View Marvell Technology's earnings history.
How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?: Marvell Technology declared a quarterly dividend on Thursday, June 2nd. Stockholders of record on Friday, July 8th will be paid a dividend of $0.06 per share on Wednesday, July 27th. This represents a $0.24 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, July 7th.
View Marvell Technology's dividend history.
Is Marvell Technology a good dividend stock?: Marvell Technology(NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.55%.
View Marvell Technology's dividend history.
What guidance has Marvell Technology issued on next quarter's earnings?: Marvell Technology issued an update on its second quarter 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of $0.53-$0.59 for the period, compared to the consensus earnings per share estimate of $0.55. The company issued revenue guidance of $1.47 billion-$1.56 billion, compared to the consensus revenue estimate of $1.49 billion.
Who are Marvell Technology's key executives?: Marvell Technology's management team includes the following people:
Mr. Matthew J. Murphy, Pres, CEO & Director (Age 49, Pay $3.55M) (LinkedIn Profile)
Ms. Jean X. Hu, Chief Financial Officer (Age 59, Pay $1.56M) (LinkedIn Profile)
Mr. Raghib Hussain, Pres of Products & Technologies (Age 50, Pay $1.58M)
Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 62, Pay $1.32M) (LinkedIn Profile)
Mr. Daniel W. Christman, Exec. VP of Storage Products Group (Age 50, Pay $1.2M) (LinkedIn Profile)
Dr. Sehat Sutardja Ph.D., Co-Founder (Age 60)
Ms. Weili Dai, Co-Founder (Age 60)
Mr. Christopher Koopmans, Chief Operations Officer (Age 45)
Mr. Willem A. Meintjes, Chief Accounting Officer (Age 42) (LinkedIn Profile)
Mr. Mark J. Casper Esq., Sr. VP & Gen. Counsel

What is Matt Murphy's approval rating as Marvell Technology's CEO?: 247 employees have rated Marvell Technology CEO Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among Marvell Technology's employees.
Who are some of Marvell Technology's key competitors?: Some companies that are related to Marvell Technology include NVIDIA (NVDA), Broadcom (AVGO), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Altair Engineering (ALTR), Power Integrations (POWI) and Cirrus Logic (CRUS).
View all of MRVL's competitors.
What other stocks do shareholders of Marvell Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).
What is Marvell Technology's stock symbol?: Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."
How do I buy shares of Marvell Technology?: Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Marvell Technology's stock price today?: One share of MRVL stock can currently be purchased for approximately $42.55.
How much money does Marvell Technology make?: Marvell Technology (NASDAQ:MRVL) has a market capitalization of $36.16 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421.03 million in net income (profit) each year or ($0.610010) on an earnings per share basis.
How many employees does Marvell Technology have?: Marvell Technology employs 6,729 workers across the globe.
Does Marvell Technology have any subsidiaries?: The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.
Read More
When was Marvell Technology founded?: Marvell Technology was founded in 1995.
How can I contact Marvell Technology?: Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for Marvell Technology is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at [email protected], or via fax at 441-295-3328.

This page (NASDAQ:MRVL) was last updated on 7/2/2022 by MarketBeat.com Staff

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Marvell Technology Stock Forecast, Price & News

Marvell Technology Stock Forecast (MarketRank)

Overall MarketRank™

4.4 Analyst's Opinion

4.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

0.8 Dividend Strength

2.1 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

2.8 News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

2.5 Company Ownership

1.9 Earnings and Valuation

Receive MRVL Stock News and Ratings via Email

About Marvell Technology (NASDAQ:MRVL)

MRVL Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Marvell Technology Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

What is Marvell Technology's stock price forecast for 2022?

How has Marvell Technology's stock price performed in 2022?

When is Marvell Technology's next earnings date?

How were Marvell Technology's earnings last quarter?

How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?

Is Marvell Technology a good dividend stock?

What guidance has Marvell Technology issued on next quarter's earnings?

Who are Marvell Technology's key executives?

What is Matt Murphy's approval rating as Marvell Technology's CEO?

Who are some of Marvell Technology's key competitors?

What other stocks do shareholders of Marvell Technology own?

What is Marvell Technology's stock symbol?

How do I buy shares of Marvell Technology?

What is Marvell Technology's stock price today?

How much money does Marvell Technology make?

How many employees does Marvell Technology have?

Does Marvell Technology have any subsidiaries?

When was Marvell Technology founded?

How can I contact Marvell Technology?

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